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[其他] Interesting article about Oil

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发表于 2009-1-13 18:58 | 显示全部楼层 |阅读模式
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Below is an Interesting article I found, which says that.....Do not 4 {6 U% n7 J6 j9 N/ H" S
expect much from Crude Oil producers and future is not with the
: O! V! N& k9 K' s) Icompanies producing Jet fuels but Biofuels. Also no wonder if some of * w" L/ Q* @0 u- g
these oil producer will go bankrupt or out of the business even if 1 ~% K! ?7 K2 F  b  R2 H7 `
crude prices improves. This implies also to good names such as Shell,
! ~+ V! s" `, p& w2 AEXXON, BG, BP, Cheveron ....xyz.. oils
& G  K- ^, `- d1 V. @2 o: u
4 T& D4 P* F* w. _2 o% Q  aRecently OPEC reduced crude oil production twice over just a few
  m% `5 Q: G0 h+ |) Dmonths. There are three wars going on in Gaza, Iraq and Afghandistan. ! l% c$ J) x; `! L$ M
A year ago these things would have spiked the price of crude oil by at
7 Y. Q# Z2 Z% J5 [, ^2 Q4 |least $50.00 per barrel. Today, oil price declined by a record amount. / s6 a0 d, d. z% i

* ]9 T( `/ O3 N7 \" |3 w3 J  h" B% ?& W, V( C
There are several reasons the price of oil is decreasing in the face : N* l4 f* _/ F0 t
of so much news. These reasons are: & R& f; ~" {. E
6 v" W2 \+ |7 e. O7 l5 d

) R  e$ q" G4 E2 T* M% B; q1. New oil has been found in Canada, Montana, North & South Dakota and / @# b6 Z' m* S' F  R5 R3 ^
in the ocean near Brazil. Each of these oil fields has more oil than $ p/ s( _, j6 o
Arabia. " c3 ]+ ]( _+ O$ N+ W
" a1 l% e" u  b, @7 X2 Q

  W; l4 e& ^6 q0 A/ N2. New natural gas has been found in Pennsylvania and West Virginia. - O, P6 |6 y9 ?! p* o
This is the largest find in North America.
) v& J. e* E8 F2 ^0 f+ |/ X
# [1 ^! V% ]9 t& H8 Z* P8 R0 x
3. New methods of injecting CO2 and surfactants into oil wells is
- s! X( {! @1 B  t+ dbeing used to double their output. 2 Q6 }- t, }5 B5 ^) z# [

4 j( V* H1 C- F0 }( m9 I
8 L0 X. o3 K  z2 {$ F/ k4 i4. Production of bio-fuels is beginning to reach critical mass. Bio
! F% o7 S, v5 {. m' A8 G  A) Y, qfuel is being produced from many plants and algae. The production : n% y$ G) d( L, }: V( L
potential per acre in some cases is astounding. Many countries are
9 m& O4 ?6 \7 k3 i: [: p, ], ^racing to produce bio fuels. 8 U2 I0 q0 J8 R; c+ d* C

  F$ V' i. \2 M$ |% @% {& Q8 a1 D2 s3 q2 N+ s
5. Virtually every restaurant in the US and all food processing plants 4 M3 r/ L& \+ n% Q; k
are now selling their used oil to bio-diesel producers. Every pork, " {( o$ o& C8 m
cattle, turkey and chicken processing plant will soon sell their fat
* |2 s2 u4 p  G+ \9 t! pto bio-diesel producers. One pork processing plant in Oklahoma is
8 b7 t9 Y. x. O# Jproducing 30,000 gallons of bio-diesel per day from pork fat.
/ ?# W, @  y, h1 v; i5 A/ n' Q

5 D* S, g) l; {3 i6. There are 99 nuclear reactors in various stages of planning and 3 h8 W1 ~2 Q' i+ ~. h0 K
construction around the world at this time. Several hundred more are
' p% s( Y2 H2 \  |" u/ Eexpected to be built in the future. Much of the energy they produce 8 u% I7 ^/ ^+ s7 y; N
will replace oil.
0 I. \% x! E) v/ g# @! b. e9 Y7 ^$ F3 x$ @

" p4 ~9 B3 P/ P! b4 i7. Every company in any form of transportaion business is replacing
5 ]5 _7 \* r9 R, D% a  j/ d. K$ Iolder equipment such as trucks, airplanes, train engines, ships, etc.
& ]8 h% I# K$ v  n2 W# Q4 Ywith new more fuel efficient equipment. Airlines and railway companies
( d5 |7 G+ Y+ ]9 Vare experiencing 20% to 25% better fuel econony with the new
$ S4 p" G. Z' Y& t( @  bequipment.
5 b3 Y* S) N6 {/ G0 X' i% Q. o* k4 Y

6 T1 b: u8 g; B+ CAirlines are flying airplanes with bio-fuel. They are finding the bio-   u$ l0 s6 Z2 B# N% t
fuel is cleaner and performs better than jet fuel.
7 c- B2 n1 T# R6 _2 t
, Z% e8 ^+ d! g* v  ~. {  Z: n" G+ z9 u$ S
8. Cities and counties throughout the US are selling the rights to
: u4 U4 g# }. r; k% Ncapture methane gas from landfills. This is a huge source of gas / e' k/ X1 C# q/ F/ O8 N3 f
available at very little cost or risk. The gas is displacing crude
# f( a1 |) z% I9 t4 \oil. 5 X2 Y/ A% R3 J% ]

# e5 w7 V  c" Q1 x9 Z
1 J3 I( u) ~% d* k9. Coal is being transformed into a clean burning liquid fuel. The CO2
$ i/ p1 v3 r" Q" \' cproduced as a byproduct is sold to oil companies for injection into 7 u% `: b; d2 k) X
oil wells. ' E# _( I: P; A- o9 z

  U: S( i3 t7 n+ l& Q. E
+ B: i5 x" k8 R: O" F- ?" J2 k$ s10. Solar, wind and ocean energy is displacing oil as an energy
6 {  H' X# f, n: |: X4 a* Csource. Three new wind turbines are being erected every day in the US. 5 w" t$ v. e* Y/ k# p  G) ?( W
& u/ Y" O) ^/ H5 G' l5 U! E

7 M! U7 u: Y; G. W1 u  l# ]Each of the above by itself will not make a large difference in the
: \" Y7 C0 ]1 Q# C% G. T/ yprice of crude oil but the sum of all of them together is world 8 x3 r* t; x# ?+ Q# j! ?; t
changing. The important thing is that OPEC no longer has the ability + Y9 I9 o' R  k( E
to control oil prices.
$ C( g& N  `% O. j; N- n7 U9 C7 t$ d

0 x* W+ O& \3 p( N/ y- {+ x/ n) A* nWith the above scenario, I still believe that there are under ) C9 Z- M- V! u5 ]! P: V
performed OIL companies and probably they are yet to get the justified
' [! J$ S# r: V4 L! W/ W8 \0 Jvalue ..... # A$ J* j# e: a7 o6 w
IAE- Ithaca , EPL Energy Partners Ltd, Opti etc ...
- G1 M; V9 g) x4 |& ?. t' t$ T
( _0 E9 {' }3 ~1 B& I: J5 i( d8 ~! a! Z% P; G/ c1 U
The above articles are from WSJ .............PUBLISHED ON 9TH JAN
0 ]! a4 ^; {2 T6 J2 O, i# V' V" S2009 ... FYI-Only
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